$100,000 to an artist under the age of 35. Sounds good to me!
About the prize:
The Future Generation Art Prize established by the Victor Pinchuk Foundation is a worldwide contemporary art prize to discover, recognize and give long-term support to a future generation of artists. The Prize will be a major contribution to the open participation of younger artists in the dynamic cultural development of societies in global transition.
The Prize is an innovative new international award for artists up to 35 years of age, investing in the artistic development and new production of works. Awarded through a competition, judged by a distinguished jury, the Prize is founded on the idea of generosity, a network of outstanding patron artists and institutional partners, and a highly democratic application procedure.
Organized by the PinchukArtCentre, an exhibition of 20 shortlisted artists in October 2010 gives the opportunity to discover a future generation.
All artists up to 35 may apply with their work without any restrictions concerning gender, nationality, race or artistic medium.
The artists apply through an open call via the Internet. Application form shall be available to all on the Prize website.
Additionally, 100 correspondent art experts from all over the world will nominate a minimum of two and a maximum of five candidates. The experts are curators, artists, critics and tutors at art colleges and academies. All artists apart from former Prize winners are be eligible to apply multiple times, as long as they continue to fulfil the entry conditions.
A Selection Committee will review the applications and select up to twenty artists for the exhibition. The Selection Committee has the right to exclude applications which do not comply with the rules. The Selection Committee consists of experts on contemporary art. The members of the Selection Сommittee are put forward by the Jury. Each Jury member suggests one Committee member.
Learn more HERE.